The Canadian Government just gave $300m to the POSCO/GM plant. GM's proprietary Ultima battery requires Carbonate. Where is that coming from? It only makes sense for Canada to give $250m to Sayona to get that carbonate plant going asap.
Also, if PLL could wrangle $75m equity from LG, why wouldn't Sayona also wrangle $75m in equity from our offtakers to put towards the plant?
AND, don't forget, PLL has to kick in $138m
Sayona won't have trouble financing the carbonate plant.
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